Supply chain responsibility is gaining momentum. According to a recent Carbon Trust Advisory study on addressing carbon in global supply chains, half of multinationals will choose suppliers based on carbon emissions and 29% of suppliers are likely to lose their places on green supply chains if they do not have adequate performance records on carbon. The study also found that 40% of multinationals are currently addressing their indirect carbon emissions (supply chain), compared to 93% for direct emissions. Among the companies not addressing supply chain emissions, 42% said they would do so within the next year, and another 42% within the next two to three years.
How can you measure your supply chain emissions? – On October 4, 2011, the GHG Protocol unveiled the Corporate Value Chain (scope 3) Standard in an effort to provide internationally agreed-upon approaches for companies to measure and report their supply chain emissions. The Standard was developed with input from business leaders, NGOs, academics, and policymakers.
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